Media landscape
Distribution
Streaming
Content
Tech
Apple TV+
20-40M subs
Circles sized by market cap (September 2022)
MGM
YouTube
Reels
$392B
Amazon
$1.3T
$1.3T
Apple
$2.4T
Prime Video
Channels
Hulu
$27.5B†
NBC
Peacock
Disney+
ESPN
152M subs
13M subs
Comcast
$151B
Disney
$197B
67% stake
33% stake
46M subs
17M video
32M
broadband
CNBC
Universal
Studios
Marvel
Studios
Lucasfilm
Netflix
$106B
Verizon
$173B
AT&T
$118B
Warner Bros.
Discovery
$31B
Fox
$18B
Turner
(CNN,
TNT, TBS)
221M subs
Fox
News
Fox
broadcast
HBO, HBO Max,
Discovery+
92M subs
Food
Network
3.5M video
7M broadband
70% stake
Sony Pictures
$9.5B**
Paramount
$15B
Charter
$60B
DirecTV
$12B
Cox
$26B*
Axios
CBS
Columbia
Pictures
Sony
Pictures TV
Paramount+
43M subs
Showtime
15M video
30M broadband
14M video
3M video
5.5M broadband
Roku
$10B
Altice USA
$4B
Dish
$9B
AMC
$1B
Univision
$<1B
Lionsgate
$2.3B
60M active
accounts
10M video
(includes Sling)
2.5M video
4M broadband
IFC
Shudder
Univision News
Lionsgate
Films
Starz
†Minimum based on 2019 deal; *assumes 2X revenue multiple;
**assumes 1X revenue multiple
Source: The companies, news reports, Leichtman Research Group (cable/ internet subs),
Recode reporting
Media landscape
Distribution
Streaming
Content
Tech
Apple TV+
20-40M subs
Circles sized by market cap (September 2022)
MGM
YouTube
Reels
$392B
Amazon
$1.3T
$1.3T
Apple
$2.4T
Prime Video
Channels
Hulu
$27.5B†
Disney+
NBC
Peacock
ESPN
13M subs
152M subs
Comcast
$151B
Disney
$197B
33% stake
67% stake
46M subs
17M video
32M
broadband
Lucasfilm
CNBC
Universal
Studios
Marvel
Studios
Netflix
$106B
Warner Bros.
Discovery
$31B
AT&T
$118B
Verizon
$173B
Fox
$18B
Turner
(CNN,
TNT, TBS)
221M subs
Fox
News
Fox
broadcast
HBO, HBO Max,
Discovery+
92M subs
Food
Network
3.5M video
7M broadband
70% stake
Sony Pictures
$9.5B**
Paramount
$15B
Charter
$60B
DirecTV
$12B
Cox
$26B*
CBS
Axios
Columbia
Pictures
Sony
Pictures TV
Paramount+
43M subs
Showtime
14M video
15M video
30M broadband
3M video
5.5M broadband
Roku
$10B
Dish
$9B
Altice USA
$4B
AMC
$1B
Univision
$<1B
Lionsgate
$2.3B
60M active
accounts
10M video
(includes Sling)
2.5M video
4M broadband
Univision News
IFC
Shudder
Lionsgate
Films
Starz
†Minimum based on 2019 deal; *assumes 2X revenue multiple;
**assumes 1X revenue multiple
Source: The companies, news reports, Leichtman Research Group
(cable/ internet subs), Recode reporting
Media landscape
Distribution
Streaming
Content
Tech
Circles sized by market cap (September 2022)
Apple TV+
20-40M subs
MGM
YouTube
Reels
$392B
Amazon
$1.3T
$1.3T
Apple
$2.4T
Prime Video
Channels
Hulu
$27.5B†
Disney+
NBC
Peacock
ESPN
13M subs
152M subs
Comcast
$151B
Disney
$197B
33% stake
67% stake
46M subs
17M video
32M
broadband
CNBC
Universal
Studios
Marvel
Studios
Lucasfilm
Netflix
$106B
Warner Bros.
Discovery
$31B
AT&T
$118B
Verizon
$173B
Fox
$18B
Turner
(CNN,
TNT, TBS)
221M subs
Fox
News
Fox
broadcast
HBO, HBO Max,
Discovery+
92M subs
Food
Network
3.5M video
7M broadband
70% stake
Sony Pictures
$9.5B**
Paramount
$15B
Charter
$60B
DirecTV
$12B
Cox
$26B*
CBS
Axios
Columbia
Pictures
Sony
Pictures TV
Paramount+
43M subs
Showtime
14M video
15M video
30M broadband
3M video
5.5M broadband
Roku
$10B
Dish
$9B
Altice USA
$4B
AMC
$1B
Univision
$<1B
Lionsgate
$2.3B
60M active
accounts
10M video
(includes Sling)
2.5M video
4M broadband
Univision News
IFC
Shudder
Lionsgate
Films
Starz
†Minimum based on 2019 deal; *assumes 2X revenue multiple;
**assumes 1X revenue multiple
Source: The companies, news reports, Leichtman Research Group
(cable/ internet subs), Recode reporting